Akay, Alpaslan; Martinsson, Peter; Medhin, Haileselassie; … - Institute for the Study of Labor (IZA) - 2009
We looked at risk and ambiguity attitudes among Ethiopian peasants in one of the poorest regions of the world and compared their attitudes to a standard Western university student sample elicited by the same decision task. Strong risk aversion and ambiguity aversion were found with the Ethiopian...